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Feb 21, 2013
02/13
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on the one hand, if they give in to obama, if they don't give in to obama, there will be the political costs, it'll be blamed on them. but if they do give into obama, crumble one more time, i suspect they'll lose their majority in the house. never regain it in the senate. >> the party really splits and may never get it back. do you want to talk to brent bozell? >> to what extent -- and having served in the last republican conference, there certainly was a contrast between those who felt we were betraying our principles if we worked too closely with the obama administration and those who felt that it was better to get a first down than lose yardage entirely. how do you think the republicans should approach that job and that message so they do look coherent and they do move forward? >> well, first they have to have a message. you know, the republican party of being the party of growth and opportunity and limited government and limited taxes, look that's gone. that was something of a quarter century ago. that is not applicable today. if they want to regain it, they've got to sell it. >> r
on the one hand, if they give in to obama, if they don't give in to obama, there will be the political costs, it'll be blamed on them. but if they do give into obama, crumble one more time, i suspect they'll lose their majority in the house. never regain it in the senate. >> the party really splits and may never get it back. do you want to talk to brent bozell? >> to what extent -- and having served in the last republican conference, there certainly was a contrast between those who...
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Feb 5, 2013
02/13
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president obama to speak in 15 minutes time. he will ask congress to come up with short-term packages to put off automotiatic spending cuts. hampton, we begin with you, budget office right now releasing its budget and economic outlook. give us details. >> reporter: the budget office, assumes no change in current laws, 2013 fiscal year budget deficit, $845 billion. cbo projects first time below $1 trillion since 2008, 5% of gdp, well below the peak of 2009. saying deficits decline as a percentage of gdp could dip as low as 2.4% in 2015. then they start to rise again in 2016. that 10-year-old cbo deficit projection increased overall to 4.6 trillion for the 2013 decade up from $20.2 trillion in it's previous. cbo sees real gdp growing 1.4% in 2013, the sub died growth limits businesses to hire more workers, cbo projecting unemployment rate to stay near 8% this year, also expecting unemployment rate to remain above 7.5% through 2014. debt and deficits will be larger, the cbo says, if current laws were modified and rising health care
president obama to speak in 15 minutes time. he will ask congress to come up with short-term packages to put off automotiatic spending cuts. hampton, we begin with you, budget office right now releasing its budget and economic outlook. give us details. >> reporter: the budget office, assumes no change in current laws, 2013 fiscal year budget deficit, $845 billion. cbo projects first time below $1 trillion since 2008, 5% of gdp, well below the peak of 2009. saying deficits decline as a...
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Feb 13, 2013
02/13
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last night on the state of the union, we heard president obama talk about it. i don't know if there's going to be backing from both sides. this is the place you want to be. >> guy? >> hi there. we have a little time. all my efforts have been this warted to take you to qdoba, especially for valentine's day. >> i'm free right now. >> i decided to bring -- >> aw! >> did you eat half it? >> i got us a meat salad and a large drink, one straw so we could share. >> that's too big for new york city, that soda. >> this is sort of our valentine's day. i'm not here tomorrow to share it with you. >> i would love to take a swig of this. >> look, look! see that? >> now i know where your true affections lie! >> it's the other woman! it's the other woman! >> what is this? >> butter cup. >> a woman in every port, mel. >> and you ate half this, by the way. half is gone. >> happy valentine's out there. >> to everybody, a day in advance. >> a day early. >> which is the way to do it. >> don't go anywhere. "mad >> i'm jim cramer, welcome to my world. you need to get in the game. ste
last night on the state of the union, we heard president obama talk about it. i don't know if there's going to be backing from both sides. this is the place you want to be. >> guy? >> hi there. we have a little time. all my efforts have been this warted to take you to qdoba, especially for valentine's day. >> i'm free right now. >> i decided to bring -- >> aw! >> did you eat half it? >> i got us a meat salad and a large drink, one straw so we could...
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Feb 14, 2013
02/13
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he posted a town hall for obama in 2011. cheryl bandberg was a big fund-raiser for obama but investor and board member bark andariesen publicly backed mitt romney for president. donations are capped at $800 per head. it may be tough to tell through all the security and events are organizers are not releasing a list of who is expected to be here. >> julia, thank you very, very much. i want to ask my panelist, kelly ann, begin with you. this money from zuckerburg is not going to the foundation, it's going to chris christie's campaign. what does that mean? >> it's really great for mark zuckerberg. he's breaking a lot in silicon valley. for the democratic party. it shows he's willing to put political muscle behind public policy issues he and his wife care about. if i were governor christie, mark zuckerberg would be like a walking demographic dream for me, the youth vote, jewish vote, tech vote, tech money. i think they're going to have a tough talk about education reform, which is working in new jersey. >> is it going to be pres
he posted a town hall for obama in 2011. cheryl bandberg was a big fund-raiser for obama but investor and board member bark andariesen publicly backed mitt romney for president. donations are capped at $800 per head. it may be tough to tell through all the security and events are organizers are not releasing a list of who is expected to be here. >> julia, thank you very, very much. i want to ask my panelist, kelly ann, begin with you. this money from zuckerburg is not going to the...
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Feb 20, 2013
02/13
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are they just victims of president obama? even pillars of the media establishment are starting to complain about their lack of any access to the president. now, here's some good news this evening. check out the markets, dow and s&p 500 making new five-year highs, nasdaq closed at its highest point in 12 years, easy money, rising profits, and maybe smaller government are all help stocks to rally. "the kudlow report" begins right now. >>> first up, see the president pushing the fear factor agenda, more dire warnings, our own john harwood joins us with the details. good evening. >> reporter: good evening, larry. today was a day of public posturing not only by the president, but the heads of the presidential commission from a couple years ago. first of all, the president tried to put pressure on them, who have complained that we need to only do spending cuts. he's saying, no, we need to do revenue as well to avoid some of those dire consequences. as for spending cuts, he said if you go along with revenue, i'm going to agree to so
are they just victims of president obama? even pillars of the media establishment are starting to complain about their lack of any access to the president. now, here's some good news this evening. check out the markets, dow and s&p 500 making new five-year highs, nasdaq closed at its highest point in 12 years, easy money, rising profits, and maybe smaller government are all help stocks to rally. "the kudlow report" begins right now. >>> first up, see the president pushing...
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Feb 4, 2013
02/13
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now under the leadership of harry reid and president obama, it's not able to pass a budget. it's not a problem with the senate. it's not a problem getting 51 senators. they've done it for decades. the problem is that no one in washington on the other side of the aisle wants to take leadership for how to get us out of the fiscal mess we're in. and not this year's fiscal mess. the mess that extends out 20, 30, 40 years. the president's budget last year never, ever, ever balanced. you can't do that. those numbers don't add up. >> all right. let's bet back to this sequester here. it comes at a time when we just learned that fourth quarter gdp was horrible compared to what we saw in the third quarter. the stock market seems to feel like things are getting back to normal, the economy's on the mend. is this the time to allow these spending cuts to take effect automatically that could take out a number -- "the new york times" says it could cost a million jobs in the economy right now. isn't this the time to think about an alternative of some kind? >> absolutely. the senate has not t
now under the leadership of harry reid and president obama, it's not able to pass a budget. it's not a problem with the senate. it's not a problem getting 51 senators. they've done it for decades. the problem is that no one in washington on the other side of the aisle wants to take leadership for how to get us out of the fiscal mess we're in. and not this year's fiscal mess. the mess that extends out 20, 30, 40 years. the president's budget last year never, ever, ever balanced. you can't do...
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Feb 7, 2013
02/13
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this is an obama-type defense on spending cuts. next thing you want is revenues to help the post office go through. what's go pac? i'm sorry. >> it's a teachable moment as guy talked about. this is what happens when you allow the government to come in and run an industry that in treery is private. it is not. any decision the post office wants to make to become more efficient, they have to say mother may i. in this administration you see whether it's the epa that wants to continue to regulate the energy industry, trying to do more in the car industry, trying to take over the health care industry. >> can i just interject? you see the problems between government has mother may i decisions over the economy. >> it has nothing to do with the obama administration. the problems of the post office go back way before president obama existed. the reality is it's an inefficient organization that has to answer to the government to make decisions. the problem is people aren't using the post office. >> let me make a quick point. first of all it's
this is an obama-type defense on spending cuts. next thing you want is revenues to help the post office go through. what's go pac? i'm sorry. >> it's a teachable moment as guy talked about. this is what happens when you allow the government to come in and run an industry that in treery is private. it is not. any decision the post office wants to make to become more efficient, they have to say mother may i. in this administration you see whether it's the epa that wants to continue to...
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Feb 26, 2013
02/13
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obama is not keen to see another military invention. that's an opportunity to change the hymn sheet, if you will, for the government to anoind noint another successor. the fact that the talks are happening over engagement, i don't see iran giving up its nuclear program. >> it's good to see you. tina ford, political analyst at italy. still to come, we'll look at consumers being a bit more cautious on spending. what are the high-end stores doing to keep and grow their customer base? we'll be joined by the head of the luxury marketing counsel. >>> you're watching "worldwide exchange." european stocks plunged on the prospects of political gridlock in italy. italian bank stocks lead the way lower. that's after the center left coalition wins the lower house, but no one has secured an obvious majority in the senate. the current government central bank are holding crisis talks. >>> and ben bernanke is heading to capitol hill today to try to provide some soothing words about fed policy and calm the market concerns about weak global growth. >> ve
obama is not keen to see another military invention. that's an opportunity to change the hymn sheet, if you will, for the government to anoind noint another successor. the fact that the talks are happening over engagement, i don't see iran giving up its nuclear program. >> it's good to see you. tina ford, political analyst at italy. still to come, we'll look at consumers being a bit more cautious on spending. what are the high-end stores doing to keep and grow their customer base? we'll...
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Feb 16, 2013
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president obama. sudden harsh arbitrary cuts will jeopardize military, slow recovery, and cost us thousands of jobs. so morgan, what do you make of that? >> haven't we heard this all before? we've heard this all before. they scared us before the election with the fear tactics about women. they're going to take your birth control away. they're going to take abortion away. it's always fear tactics with the left. always. and the thing is if the republicans do not stand strong the ball is in their court. they're holding the cards. if they flinch and they let this go, the opportunity -- >> the base will walk away. >> base will walk away. >> the base will walk away and the party will self-destruct. it's split so badly. it will self-destruct. >> look, we need to have cuts. some way. this way they are guaranteed to happen. >> these little puny nothing cuts. rana, what's your response to this? you're on, shall we say, the other side of the street. what is your response? >> i'm going to shock with you and agree
president obama. sudden harsh arbitrary cuts will jeopardize military, slow recovery, and cost us thousands of jobs. so morgan, what do you make of that? >> haven't we heard this all before? we've heard this all before. they scared us before the election with the fear tactics about women. they're going to take your birth control away. they're going to take abortion away. it's always fear tactics with the left. always. and the thing is if the republicans do not stand strong the ball is in...
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Feb 5, 2013
02/13
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we warned you president obama. once again obama is pushing for higher taxes. don't take our word for it. listen to what he said last night just before the sboel. >> there is a way to solve the budget problems in a responsible way through a balanced approach that the vast majority of people agree with. if we do there is no reason we can't have strong growth in 2013. we can't b have washington dysfunction getting in the way. >> with all respect, free market capitalism is the best path to prosperi prosperity. more tax hikes will not hurt this economy. let's not push our luck. republicans will block it. we'll be right back. ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. >>> stock market correction today. i still believe rising profits and an easy fed will keep the bull market going -- at least until the president tax bombs us to death again. that's what obama said before the
we warned you president obama. once again obama is pushing for higher taxes. don't take our word for it. listen to what he said last night just before the sboel. >> there is a way to solve the budget problems in a responsible way through a balanced approach that the vast majority of people agree with. if we do there is no reason we can't have strong growth in 2013. we can't b have washington dysfunction getting in the way. >> with all respect, free market capitalism is the best path...
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Feb 27, 2013
02/13
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shows up with obama. i don't see how christie could have avoided that. he had campaigned very hard for romney. he called obama divisive and demoralizing and still blaming christie essentially still doing his job even though he had to appear with obama. >> maybe you can argue he was overly complimentary but the fact of the matter is his whole brand has been we need to work together in pragmatic ways and put the people first. i think him making a political point and sort of snubbing the president during a major storm where a lot of people were at risk would have been a mistake, a, and, b, a total violation of the brand that he has built. >> and you must be thrilled about this to see republicans dumping on a guy, christie, because christie is a guy that could win new jersey. if he ran for president he could win blue states. we were talking before. republicans, not since reagan and papa bush have republicans won, i believe, california and new jersey, and i think reagan won new york twice if i am not mistaken. it has been so long since they did that. christie
shows up with obama. i don't see how christie could have avoided that. he had campaigned very hard for romney. he called obama divisive and demoralizing and still blaming christie essentially still doing his job even though he had to appear with obama. >> maybe you can argue he was overly complimentary but the fact of the matter is his whole brand has been we need to work together in pragmatic ways and put the people first. i think him making a political point and sort of snubbing the...
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Feb 26, 2013
02/13
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president obama never did. now, first lady michelle obama says she loves movies. well, that's great. but why did she get the most important moment of the entire oscars ceremony? is there a hidden agenda here, something i may have missed? >>> i think the gop pledge to prevent a government shutdown is very bullish for stocks and the economy. the white house continued with its sequester scare tactics. take a listen again to homeland security secretary janet napolitano earlier today. >> i don't think we can maintain the same level of security at all places around the country with sequester as without sequester. >> all right, really? as i said earlier, her budget is going to be bigger this year than last year even with sequester. i've got to go to my pal steve mcmahon. >> don't you want to go to senator hutchison on this one? >> democrats are really going to lose this battle, and hurt her politically because the dire consequences will not happen. >> well, they won't happen maybe right away or maybe everywhere instantly, but over time, if this isn't changed somehow -- a
president obama never did. now, first lady michelle obama says she loves movies. well, that's great. but why did she get the most important moment of the entire oscars ceremony? is there a hidden agenda here, something i may have missed? >>> i think the gop pledge to prevent a government shutdown is very bullish for stocks and the economy. the white house continued with its sequester scare tactics. take a listen again to homeland security secretary janet napolitano earlier today....
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Feb 9, 2013
02/13
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you're seeing obama's poll numbers come down. i think that's because he's a politician who needs a foil. perhaps the country he looked pretty good compared with mitt romney. but the country doesn't look good compared to where the country should be. when he doesn't have someone to run against, when he doesn't have someone to be the villain and he's just getting judged on his actual performance in the job you'll see his numbers come down. he's doing a terrible terrible job and people know that. >> jimmy williams, i understand the ebb and flow of politics on issues like gun control and immigration and same-sex marriage and all these things come up. but none of that has a thing to do with economic growth and job creation. and i think that's what that quinn p quinnipiac poll shows. when is your man going to come up with a growth plan? >> i would disagree with you, larry, about the immigration part. but i agree with you that gay marriage has absolutely nothing to do with job growth. kevin just mentioned the president needs a foil like
you're seeing obama's poll numbers come down. i think that's because he's a politician who needs a foil. perhaps the country he looked pretty good compared with mitt romney. but the country doesn't look good compared to where the country should be. when he doesn't have someone to run against, when he doesn't have someone to be the villain and he's just getting judged on his actual performance in the job you'll see his numbers come down. he's doing a terrible terrible job and people know that....
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Feb 6, 2013
02/13
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what accommodative fiscal policy does for the market, since the re-election of president obama since a 12% gain in the dow. japan is looking to cash in. still worried about what we're seeing in europe. if all the companies keep debasing their currencies, where are we going, all on the same track. right now the way to put the money is put it in the u.s. japan has obviously benefitted from that. >> you have not been alone on the floor here among your trading brethren who have been skeptical of this rally as it continued. some others though have thrown in the towel and are going with the trend higher. are you still skeptical? >> i'm definitely still skeptical. >> okay. i think the risk is to the down side. if we get a 5% pullback, which would not be bad for the market, are people going to put their money to work. putting it into work when times are good. when times are bad, markets back off and that's where markets seem to accelerate. >> going out neither highs of the day with the dow up about 5.25 points here, and the s&p up a fraction right now. stand by. a lot of earnings news coming
what accommodative fiscal policy does for the market, since the re-election of president obama since a 12% gain in the dow. japan is looking to cash in. still worried about what we're seeing in europe. if all the companies keep debasing their currencies, where are we going, all on the same track. right now the way to put the money is put it in the u.s. japan has obviously benefitted from that. >> you have not been alone on the floor here among your trading brethren who have been skeptical...
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Feb 13, 2013
02/13
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president obama triggering a hot button issue at last night's state of the union. >> let's raise the federal minimum wage to $9 an hour. >> i'll speak with a small business owner who is actually a huge fan of the president's plan. i'll explain why coming up. and then -- ♪ they could be the odd est of odd couples. facebook founder mark zuckerberg hosts a fund-raiser for new jersey governor chris christie tonight. we'll take you live to palo alto for the latest on this. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering
president obama triggering a hot button issue at last night's state of the union. >> let's raise the federal minimum wage to $9 an hour. >> i'll speak with a small business owner who is actually a huge fan of the president's plan. i'll explain why coming up. and then -- ♪ they could be the odd est of odd couples. facebook founder mark zuckerberg hosts a fund-raiser for new jersey governor chris christie tonight. we'll take you live to palo alto for the latest on this. (announcer)...
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Feb 6, 2013
02/13
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>> apoplectic. >> of the impact of obama-care on the job creation in this country. i'm not judging whether or not you're right or wrong but there's a sense out there. >> to seen see small companies -- >> to raise the cost of what it is to hire an employee, you will hire less of them. >> you are seeing small companies starting to talk about, i have 100 employees, do i break up into three llcs. you are going to have to deal with that sort of thing. that is going to happen and there are people that will be upset about know it. >> the other thing that makes people apoplectic, you kcan cac about health care and spending decelerating. the bottom line was about cost containment. it really wasn't, about coverage. when you look at the amount of me on the government will spend on health care the next ten years, it is higher on obama-care than otherwise. the cost of spending will go up. >> the cost of spending for the government. >> that was the mission. >> i apologize. i have breaking news with government spending. the post office. this is breaking news. the post office says
>> apoplectic. >> of the impact of obama-care on the job creation in this country. i'm not judging whether or not you're right or wrong but there's a sense out there. >> to seen see small companies -- >> to raise the cost of what it is to hire an employee, you will hire less of them. >> you are seeing small companies starting to talk about, i have 100 employees, do i break up into three llcs. you are going to have to deal with that sort of thing. that is going to...
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Feb 27, 2013
02/13
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despite rising gas prices, a sluggish economy, a staredown between president obama and congress on spending cuts the market continues to climb that wall of worry reaching an all-time high. more now on this week and what this week could tell us about that historic number. good to so you guys. fir, let me ask you about the end of the day here. we were up more than 200 at the end of the day. we ended up 175. what did you see in terms of action? was there some stock for sale? >> not so much stock for sale. just saw the market kind of tested at 200 and then just backed off. not a sense of all of a sudden profit-taking. just kind of churning and backing off. i wouldn't -- i wouldn't -- it wasn't overly stock for sale. >> but, are you guys seeing the kind of conviction day in and day out to buy stocks still? >> no. i didn't see it on the way down. there was no panic selling, and i'm not seeing it on the way back you. all the clients i talked, to multi-strategy funds that are out there. watching the whole market swing back and forth and letting do its thing and not getting in the way of anything. v
despite rising gas prices, a sluggish economy, a staredown between president obama and congress on spending cuts the market continues to climb that wall of worry reaching an all-time high. more now on this week and what this week could tell us about that historic number. good to so you guys. fir, let me ask you about the end of the day here. we were up more than 200 at the end of the day. we ended up 175. what did you see in terms of action? was there some stock for sale? >> not so much...
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Feb 19, 2013
02/13
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isn't president obama swell muching the small business job creator? the republicans like to say that. maybe or maybe just isn't squelching hard enough. otherwise you wouldn't be seeing such monster moves. in other words, business is strong enough to merit companies talking to each other about combining rather than thinking if you stick around and compete, it's almost a matter of time before the other guy keels over. the last man standing game seems like it's history. maybe this is a merger between two companies who failed to keel over. more important, though, it's a merger born of confidence, confidence that despite the runs in the stocks there had much more up side, because things are just plain better than we might realize. even though the stocks are up from where they were, they're down huge from when times are going. that's the theme behind almost all the deals we've seen, all the ones worth talking it's the commonalty of the breathtaking numbers of takeovers, in a last year rather than ratcheting up as seems to be the case now. >>> all right. let
isn't president obama swell muching the small business job creator? the republicans like to say that. maybe or maybe just isn't squelching hard enough. otherwise you wouldn't be seeing such monster moves. in other words, business is strong enough to merit companies talking to each other about combining rather than thinking if you stick around and compete, it's almost a matter of time before the other guy keels over. the last man standing game seems like it's history. maybe this is a merger...
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Feb 28, 2013
02/13
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>> you know, i was an obama guy. i really believed that -- >> see, was is the operative word. >> joe, you said you wanted to haircut somebody out. >> i said a flowbee. >> here's mary. >> take 0.3 of an inch. >> 0.03 of an inch. >> he's willing to take 3% off. >> why don't we just give it to you and you take it over there and cut it and then bring it back here. >> randomly, mary. that's the idea. it's a random 3% cut that he's willing to do. >> it's across the board. 3%. >> it's not considered, right? >> it's just -- >> you are like the pope giving sex advice. you have no idea about what people do with hair. listen to me. do you know what a flowbee is? >> i don't. >> a flowbee is that vacuum cleaner -- >> where's barry? >> come on in there. >> where you put it on and it pulls your hair up and cuts an exact amount everywhere. >> i don't have any knowledge of that. >> i know you don't. >> -- for 1950s -- >> they talk about baldness like it's a sickness, like you've got a cure. >> that was how i showed -- because you hav
>> you know, i was an obama guy. i really believed that -- >> see, was is the operative word. >> joe, you said you wanted to haircut somebody out. >> i said a flowbee. >> here's mary. >> take 0.3 of an inch. >> 0.03 of an inch. >> he's willing to take 3% off. >> why don't we just give it to you and you take it over there and cut it and then bring it back here. >> randomly, mary. that's the idea. it's a random 3% cut that he's willing...
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Feb 27, 2013
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. >> and president obama finally set to meet with congressional leaders to try to avoid devastating spending cuts. that's cut news, right? the bad news. the meeting is coming hours before the cuts are set to kick. in the meeting is friday, march 1st. is there any real hope a deal can be reached? the day that the cuts are going to take effect. we'll have the latest with republican senator john holman weighing in later on the "closing bell." ♪ ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ >>> welcome back. stocks are skyrocketing today. the dow getting ever closer to a record high. take a look. we're up 204 points as we speak. we're seeing new money come into this market as we approach the close with 35 minutes left before the bell sounds. we're just about 80 points away from an all-time high on the dow jones industrial average. >> even now closer than that, given this move that we've had in the last ten minutes. definitely have some buying picking up in the last few minute, and it
. >> and president obama finally set to meet with congressional leaders to try to avoid devastating spending cuts. that's cut news, right? the bad news. the meeting is coming hours before the cuts are set to kick. in the meeting is friday, march 1st. is there any real hope a deal can be reached? the day that the cuts are going to take effect. we'll have the latest with republican senator john holman weighing in later on the "closing bell." ♪ ♪ [ male announcer ] it was...
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Feb 26, 2013
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president obama went to new port news, virginia, and tried to make the case that the sequester was going to hurt jobs in the state of virginia. scores of thousands of defense jobs are going to be subject to a sequester and then back in washington you had house speaker john boehner accusing democrats in the senate of not doing their work and putting forth an alternative. here's john boehner. >> we have moved a bill in the house twice. we should not have to move a third bill before the senate gets off their ass and begins to do something. >> reporter: now, we had harry reid respond afterwards and said it's the house of representatives that is sitting on their postiors because the house passed their bills last year. they haven't acted. we are going to get votes in the senate over the next couple of days on a democratic and republican alternative to replace sequester but, of course, everyone knows, sue, that neither one of those bills is going to pass so the president is going to keep pounding. republicans are going to try to hold line on taxes, and we've got an unresolved standoff that will
president obama went to new port news, virginia, and tried to make the case that the sequester was going to hurt jobs in the state of virginia. scores of thousands of defense jobs are going to be subject to a sequester and then back in washington you had house speaker john boehner accusing democrats in the senate of not doing their work and putting forth an alternative. here's john boehner. >> we have moved a bill in the house twice. we should not have to move a third bill before the...
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Feb 28, 2013
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obama didn't seem it make that much of an anti-defense move in its first term. it was accompanied by the afghanistan surge. so there was just so much he could do. but right now, you have definitely got a move towards, if not isolation, definitely a move from intervention, appointment of secretary hague el as you point out, is definitely endorsement of that. even within that, within the republican party, there is a danger that they are focused on, moving toward budget talks rather than defense and foreign policy talks. so it is tough to see who carry theory the mantle for defense. >> thank you richard. richard aboulafia from the teal group. >> on the back of its earnings and what a miss, stock down 75% over the past one year. so where does the on-line deals site go from here? and as we head out, let's look at financials. there they are. all higher. not so much, but higher. we are back in two minutes. ♪ [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would
obama didn't seem it make that much of an anti-defense move in its first term. it was accompanied by the afghanistan surge. so there was just so much he could do. but right now, you have definitely got a move towards, if not isolation, definitely a move from intervention, appointment of secretary hague el as you point out, is definitely endorsement of that. even within that, within the republican party, there is a danger that they are focused on, moving toward budget talks rather than defense...
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Feb 15, 2013
02/13
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president obama gave his two cents on the fate of the penny saying he's open-open to the idea of getting rid of the copper coin. the president says it costs more for the government to make a penny than it's actually worth. the mint says it costs nearly it.5 cents to produce and distribute a single penny. tell us what you think on that one. >>> meantime, let's take a very quick look at what's happening with the markets. the dow is down by 0.3%. walmart is down by 2.8% on the reports of that internal e-mail about february sales being a total disaster. the spokesman says sometimes these internal e-mails can be inaccurate. thanks for watching "street signs." have a great weekend. "closing bell" is next. >> hi, everybody. happy friday to you. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. the major averages in danger of posting losses this week though. >> if we stay right here, we'll see that. i'm bill griffith. the dow does not be able to look like it will avoid a second consecutive losing week. the blue chip average down sharply in the last half hour on t
president obama gave his two cents on the fate of the penny saying he's open-open to the idea of getting rid of the copper coin. the president says it costs more for the government to make a penny than it's actually worth. the mint says it costs nearly it.5 cents to produce and distribute a single penny. tell us what you think on that one. >>> meantime, let's take a very quick look at what's happening with the markets. the dow is down by 0.3%. walmart is down by 2.8% on the reports of...
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Feb 13, 2013
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we're going to try to hold an obama nominee to a standard that president obama set. you laid it out correctly, that president obama, in the campaign, made a very very big deal out of the unethical immoral business of investing in the cayman islands. so you would expect -- you wouldn't expect him then to appoint somebody that did exactly the same thing that ends up making the president look hypocritical by nominating such a person who did exactly the same thing that they criticized governor romney for. >> being hypocritical in washington, that's certainly not very unique, i don't think, senator, right? i guess it's politics, the political season. i understand fully what you're saying, but you don't really have anything, right? no one is saying he even was a tax evader, just he did some of the same things that raised eyebrows during the election. >> unlike four years ago, we had several nominees from this administration that didn't pay their taxes. some paid their taxes and others withdrew their name. there's no charges against lew for that reason. but i think we do ha
we're going to try to hold an obama nominee to a standard that president obama set. you laid it out correctly, that president obama, in the campaign, made a very very big deal out of the unethical immoral business of investing in the cayman islands. so you would expect -- you wouldn't expect him then to appoint somebody that did exactly the same thing that ends up making the president look hypocritical by nominating such a person who did exactly the same thing that they criticized governor...
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Feb 22, 2013
02/13
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john, this is part after constant drum beat from the white house and his team, obama's team that if we go through the sequester, it is bad, bad, bad. >> exactly right, simon. who what the white house is doing is a steady application of pressure on republicans in congress hoping this he will accept ultimately tax increases as part of a budget deal. ray whlahood, former republicanf congress, walked into the briefing room and said you may not see the effects immediately but they will be very real and build over time. here is ray lahood. >> it will ripple across the country. cuts mean preventative maintenance and quick repair of runway equipment may not be possible which could lead to more delays. >> what you heard was a hundred small airport towers could be shut down. control towers because of lack of funding. you will see 90-minute delays. furloughs every week. visitors centers, rest rooms, garbage cans won't be serviced as efficiently as they are now. again, they are trying to build a ground swell of outrage against what will happen. put pressure on republicans. republicans so far stand
john, this is part after constant drum beat from the white house and his team, obama's team that if we go through the sequester, it is bad, bad, bad. >> exactly right, simon. who what the white house is doing is a steady application of pressure on republicans in congress hoping this he will accept ultimately tax increases as part of a budget deal. ray whlahood, former republicanf congress, walked into the briefing room and said you may not see the effects immediately but they will be very...
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Feb 25, 2013
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until president obama makes a push for natural gas vehicles, says yes to the keystone, and unless the saudis by again to pump more oil to lower the price of brent crude something they won't do since they curtailed production it is getting used to the higher gasoline prices as the world uses more oil. even as we alas are using less. the oil is in the wrong places, the refinery is in the wrong places. we don't have enough infrastructure and it looks like never the twain shall meet. "mad money" is back after this. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine. how do you keep an older car running like new? you ask a ford customer. when they tell you that you need your oil changed you got to
until president obama makes a push for natural gas vehicles, says yes to the keystone, and unless the saudis by again to pump more oil to lower the price of brent crude something they won't do since they curtailed production it is getting used to the higher gasoline prices as the world uses more oil. even as we alas are using less. the oil is in the wrong places, the refinery is in the wrong places. we don't have enough infrastructure and it looks like never the twain shall meet. "mad...
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Feb 20, 2013
02/13
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president obama addressed the issue directly in his state of the union address last week. >> after shedding jobs for more than ten years, our manufacturers have added about 500,000 jobs over the past three. caterpillar is bringing jobs back from japan. ford is bringing jobs back from mexico. and this year, apple will start making macs in america again. >> but with the strengthening dollar, can u.s. companies actually afford to bring jobs back to the states? and is reshoring as it's known a trend you should be investing in right now? let's take a deeper dive with the chief investment strategist at fifth third bank. jeffrey, great to e so yosee yo. >> obviously, it's not as easy as flipping a switch to bring jobs back here, so, what is sort of the price, the baseline price, which would make sense, this reshoring trend continues when it comes to nat gas being low? >> i think it clearly makes sense in here and probably for the next decade. if you look, it's also, it's not just the price today, but it's the trends going forward, both in currency, gas prices and labor costs. >> hey, jeff, it's ti
president obama addressed the issue directly in his state of the union address last week. >> after shedding jobs for more than ten years, our manufacturers have added about 500,000 jobs over the past three. caterpillar is bringing jobs back from japan. ford is bringing jobs back from mexico. and this year, apple will start making macs in america again. >> but with the strengthening dollar, can u.s. companies actually afford to bring jobs back to the states? and is reshoring as it's...
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Feb 28, 2013
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implementation of obama care is creating uncertainty for the future. but this is why we don't do thesis investing here on "mad money," because all too often the facts refuse to comply with the story. take dominos, the second best performing stock over the last 12 months. maybe that means the consumer's fine or the consumer's in trouble, i don't care, but dominos is executing so well with the new deep dish pan pizzas that the company can transcend those problems. you're better off investing based off what's happening in a individual company rather than trying to put a story together about the whole economy that you can try to shoe horn lots of stocks into. especially if you're like me and my kids we all love dominos and order it every time we're together. no cheese, though. a 60-cent basis, rising 7.5% year-over-year. beyond, that the domestic same store sales increased by 4.7%, international, because dominos, by the way hugely and rapidly growing international business rose 5.2% versus the year before. dominos instituting the very first dividend paying
implementation of obama care is creating uncertainty for the future. but this is why we don't do thesis investing here on "mad money," because all too often the facts refuse to comply with the story. take dominos, the second best performing stock over the last 12 months. maybe that means the consumer's fine or the consumer's in trouble, i don't care, but dominos is executing so well with the new deep dish pan pizzas that the company can transcend those problems. you're better off...
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Feb 5, 2013
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for example, "the journal" said president obama's s.e.c. chair nominee mary jo white would not be able to vote on any case involving jpmorgan for two years after taking the job because jpmorgan was a client at a previous law firm. and daniel gallagher would have a conflict of interest on jpmorgan cases, too. he came from a law firm that helped jpmorgan investigate the london whale trading fiasco. such vacancies could give the s.e.c. bare number of minimum commissioners to field a quorum on certain cases which could potentially weaken the commission. s.e.c. declined to comment to the newspaper on behalf of white who is not yet a commission official. back to you. >> thanks so much, eamon. reaction now with attorney andrew consultman who says this is a major problem, while a former s.e.c. official says the benefits of having the right people far outweigh the cost of some conflicts of interest. both join us right now for a discussion. good to have you on the program. robert, i think you make a good point. you want people with the experience and
for example, "the journal" said president obama's s.e.c. chair nominee mary jo white would not be able to vote on any case involving jpmorgan for two years after taking the job because jpmorgan was a client at a previous law firm. and daniel gallagher would have a conflict of interest on jpmorgan cases, too. he came from a law firm that helped jpmorgan investigate the london whale trading fiasco. such vacancies could give the s.e.c. bare number of minimum commissioners to field a...
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Feb 12, 2013
02/13
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you saw president obama calling for swift reaction. india saying reports of the nuclear test are a matter of deep concern according to a foreign ministry statement. >>> moving down to conco which has expressed solidarity with its ceo who has just been arrested for alleged bribes. shares have just resumed trade in malan. now, ross, they're down something less than 9%. we did see closer to a 15% decline earlier. over to you. >> thanks for that, kelly. here we are just over an hour into the trading day in europe. pretty even stevens, actually. we're keeping our focus in the uk on barclay's. as we are on the xetra dax and the ibex and the cac 40. so no clear direction, as you can see. now, the nikkei was trading again today. let's show you where we've finished with the nikkei. up 2%. this morning, the yen was weakening again. we've seen it down against the dollar. we were bound at those may 2010 lows yesterday. shanghai composite up 0.5%. the hang seng up slightly, as well. we were flat in australia and the kospi down slightly flat. the au
you saw president obama calling for swift reaction. india saying reports of the nuclear test are a matter of deep concern according to a foreign ministry statement. >>> moving down to conco which has expressed solidarity with its ceo who has just been arrested for alleged bribes. shares have just resumed trade in malan. now, ross, they're down something less than 9%. we did see closer to a 15% decline earlier. over to you. >> thanks for that, kelly. here we are just over an hour...
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Feb 11, 2013
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tomorrow we preview president obama's state of the union. i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service®, works for thousands of home businesses. because at usps.com®, you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small.
tomorrow we preview president obama's state of the union. i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service®, works for thousands of home businesses. because at usps.com®, you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small.
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Feb 21, 2013
02/13
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obama won the election happenedly. on this particular issue, the number of cut suss half of what you're talking about and if we can shrink the government and it's been shrinking slowly, it's good for the private sector, it's pro groul growth and i think the sequester is not to be feared. actually going to help economy and the stock market. >> defense sector, for instance, is held up under cliff worries. see how it is under these worries. >> the worst case scenarios ain't gonna happen. i have been through this when i worked for flaengt budget bureau. not going to be a government shutdown. there's going to be a continuing resolution. and they are going to reallocate from defense to non-defense. this story is going to turn out good, not bad. that's my point. going to be a plus story, not a bad story. >> larry, thank you for coming in. be sure to catch larry, "the kudlow report," every week night at 7 p.m. eastern time. coke just tanked their dividend along with walmart. talk about that in a moment. >>> google, almost $1,0
obama won the election happenedly. on this particular issue, the number of cut suss half of what you're talking about and if we can shrink the government and it's been shrinking slowly, it's good for the private sector, it's pro groul growth and i think the sequester is not to be feared. actually going to help economy and the stock market. >> defense sector, for instance, is held up under cliff worries. see how it is under these worries. >> the worst case scenarios ain't gonna...
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Feb 19, 2013
02/13
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president obama, are you listening? >> four years since rick santelli started the tea party for all intents and purposes. we'll find out what he thinks now when "squawk on the street" continues. [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. this is the pursuit of perfection. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades en you open an account. but i am your rmarket data. i know what you're looking for. i'm not chained to your desk anymore. i'm faster and smarte
president obama, are you listening? >> four years since rick santelli started the tea party for all intents and purposes. we'll find out what he thinks now when "squawk on the street" continues. [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. this is the pursuit of perfection. with fidelity's new options...
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Feb 13, 2013
02/13
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. >>> and president obama uses his state of the union speech to urge congress to end the battle over the budget and work together to boost the u.s. economy and help the middle class. >> together we have cleared away the rubble of crisis. we can say with renewed confidence that the state of our union is strong. >>> there we go. >> who doesn't love to kick off a wednesday morning with the iea monthly oil report? >> they have lowered their oil demand growth expectations on weaker gdp forecasts. demand growth, 840,000 barrels a day in 2013. they've cut the forecast for opec crude to 29.8 million barrels a day. they say oil supply will hit a 12-month low in january. >> can we show crude and look at the reaction there? we'll take a look in one second. what else are they saying in this report? >> they say the non-opec supply will be rising. opec supply will be falling. non-opec supply is rising, one million barrels a day this year. then they talk about iran oil production hovering below the lowest in 30 years. new sanctions could see further declines in iranian output. they say the sanction
. >>> and president obama uses his state of the union speech to urge congress to end the battle over the budget and work together to boost the u.s. economy and help the middle class. >> together we have cleared away the rubble of crisis. we can say with renewed confidence that the state of our union is strong. >>> there we go. >> who doesn't love to kick off a wednesday morning with the iea monthly oil report? >> they have lowered their oil demand growth...
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Feb 13, 2013
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zuckerberg attended a high-profile dinner with president obama and hosted town halls for president obama at facebook. zuckerberg donated $100 million to newark public schools which announced with governor christie and new york mayor cory booker. >> we're starting a $100 million grant so the mayor and governor can have flexibility to implement new programs in newark and turn newark into a symbol of educationalle examinence for the whole nation. >> zuckerberg is stepping up his educated flan pi. this past december he and his wife donated 18 million facebook shares to the silicon valley community foundation. he's contributed $10,000 to facebook's political action committee which donated $267,000 to both democratic and republican candidates over the past two years but today's event does face some opposition. the democratic governor's association posted a petition earlier this week to pressure zuckerberg to cancel his fund-raiser. it has pulled the petition down. it's no longer up online. an organization called credo action is planning a protest ahead of the event this evening. the event toni
zuckerberg attended a high-profile dinner with president obama and hosted town halls for president obama at facebook. zuckerberg donated $100 million to newark public schools which announced with governor christie and new york mayor cory booker. >> we're starting a $100 million grant so the mayor and governor can have flexibility to implement new programs in newark and turn newark into a symbol of educationalle examinence for the whole nation. >> zuckerberg is stepping up his...
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Feb 25, 2013
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and obama care is not even mandated until 2014. what makes you think that given all the headwinds that we're going to see, just in terms of, you know, regulations and new programs that in 2014 we're going to be in a better position to absorb some of these cuts? i'm worried now we're never going to be in a good position to absorb cuts economically. we may never have any growth. >> i'm more optimistic than that. we've talked about this before, joe. but, i think 2013, in gdp terms, is a transitional year, transitioning from these five years of weakness following all the events of 2008, into a stronger economy, mid 2014, end of 2014 -- >> that's a long transition. >> i think that's the case because of housing, because of energy, because of manufacturing, because of the end of household deleveraging, and i really think we're going to enter into a stronger period. it's not going to be this year. but i think it's coming. >> roger i want to go back to what becky said, which is let's say if you had a week to redo this plan. you still have t
and obama care is not even mandated until 2014. what makes you think that given all the headwinds that we're going to see, just in terms of, you know, regulations and new programs that in 2014 we're going to be in a better position to absorb some of these cuts? i'm worried now we're never going to be in a good position to absorb cuts economically. we may never have any growth. >> i'm more optimistic than that. we've talked about this before, joe. but, i think 2013, in gdp terms, is a...
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Feb 27, 2013
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president obama does okay on that score. he's 48% of the country say he's trying to bring the country together. 43% say he's taking a partisan approach. but republicans get hammered by the public. only 22% credit republicans with trying to bring the country together. three times that many just about, 64%, say they're driving the country apart -- in a partisan way. and when you look at the issues at stake, each side has some advantages. but -- from the democratic point of view, looking out for the middle class, 22% advantage for the democrats. on the issue of taxes which is traditionally a republican strength, democrats have a small advantage plus 3%. republicans on the flip side, who would do better at protecting a strong defense? 26% advantage for republicans. who'd do better at reducing the deficit? 6% advantage for republicans. so each side brings strengths to this issue. but president obama clearly has the high ground in terms of the bully pulpit and trying to put pressure on republicans. he hasn't been able to put enoug
president obama does okay on that score. he's 48% of the country say he's trying to bring the country together. 43% say he's taking a partisan approach. but republicans get hammered by the public. only 22% credit republicans with trying to bring the country together. three times that many just about, 64%, say they're driving the country apart -- in a partisan way. and when you look at the issues at stake, each side has some advantages. but -- from the democratic point of view, looking out for...
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Feb 20, 2013
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austin didn't mention the obama-care tax or payroll tax or any of that. those are all headwinds, too. >> listen, i think the impasse in washington is just crazy right now. i am absolutely for not having the sequestration. it's just too blunt of an object. >> but the two sides have not been able to -- >> zero. >> no common room -- common ground. >> if you could cut 85 you wanted to cut? >> in a nanosecond. >> do you have 85 you want to cut? >> do i know it off the top of my head. i think you need to still hit the revenue side. you need revenues and spending to be that fly% differential, you have to get there. you need revenues up by 18%. >> do you get that growing or additional taxes? >> i don't want to use the word taxes and i'm not trying to -- i don't think we're talking about tax rates here. there are certainly revenue loopholes we could be closing. >> we're supposed to close those to lower marginal rates. >> but we didn't. >> simpson-bowles we were lowering marginal rates and closing loopholes. now, we raise annual rates and you close loopholes. >> it
austin didn't mention the obama-care tax or payroll tax or any of that. those are all headwinds, too. >> listen, i think the impasse in washington is just crazy right now. i am absolutely for not having the sequestration. it's just too blunt of an object. >> but the two sides have not been able to -- >> zero. >> no common room -- common ground. >> if you could cut 85 you wanted to cut? >> in a nanosecond. >> do you have 85 you want to cut? >> do i...
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Feb 26, 2013
02/13
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president obama urging compromise in congress as the deadline for the sequestration looms. meantime, global markets dealing with the uncertainty in europe. former treasury secretary larry summers. good morning, larry. >> good to be with you. >> let's talk sequester first. we can get to italy, but when you think about what's going to happen at the end of the this week, the assumption in the markets is that we're going over. if you listen to the folks in washington, the world is going to come to an end. if you listen to the folks on wall street, it's no big deal. who is right? >> look, the world will still keep turning. but this is a self-inflicted wound from which we have nothing to gain. hundreds of thousands of jobs will be lost if this plays out over a long time period. the most powerful country in the world is canceling military deployment, that its leading military figures think are essential, not because of any fundamental problem, but because of a political squabble. that is not how the greatest country in the world should be governing itself. this should be brought t
president obama urging compromise in congress as the deadline for the sequestration looms. meantime, global markets dealing with the uncertainty in europe. former treasury secretary larry summers. good morning, larry. >> good to be with you. >> let's talk sequester first. we can get to italy, but when you think about what's going to happen at the end of the this week, the assumption in the markets is that we're going over. if you listen to the folks in washington, the world is going...
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Feb 28, 2013
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now, president obama and republicans are digging in their heels just one day before the sequester kicks in. the president will host congressional leaders at the white house tomorrow, but expectations are pretty low the meeting will result in a deal to avoid the $85 billion in spending cuts. those would be phased in gradually. gun reducing costs are telling employees how furloughs would work. most federal workers require 30 days before they can be furloughed. for more joining us now is robert. welcome. just on this point about the u.s., we've seen markets not just holding up, but, in fact, doing quite well ahead of the sequester. why is that? >> well, i think there's an underlying -- there's real underlying evidence of the strength in the u.s. economy, which is partly allowing markets to look through what are clearly concerns about tightening in this economy. >> it's one thing that the u.s. is leading the recovery, perhaps leading this leg of the expansion. is it important in that sense? >> of course, the u.s. economy is not much bigger than japan, so it's always going to be more importa
now, president obama and republicans are digging in their heels just one day before the sequester kicks in. the president will host congressional leaders at the white house tomorrow, but expectations are pretty low the meeting will result in a deal to avoid the $85 billion in spending cuts. those would be phased in gradually. gun reducing costs are telling employees how furloughs would work. most federal workers require 30 days before they can be furloughed. for more joining us now is robert....
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Feb 26, 2013
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in the state of the union president obama said too many families who have never missed a payment and want to refinance are being told no and urged the congress to act. in that respect, could you discuss the benefit to both individuals and the national economy of enabling more families to refinance mortgages at today's historically low interest rates? >> well, on the side of the borrowers, if they are able to refinance, then they will have obviously lower payments, lower debt burdens, and to some extent more income and ability to spend. i guess the offset, the question on the other side, is whether there are needed subsidies or other costs and how large those would be. that would be the trade-off i would look at. but it's true from the borrower's point of view being able to refinance at a lower rate is going to increase the chance that you can stay in your house and increase your income. >> wouldn't we in essence be solidifying an entire universe of responsible -- so far responsible -- borrowers to be able to ensure that they can continue to be a responsible borrower, be able to avert
in the state of the union president obama said too many families who have never missed a payment and want to refinance are being told no and urged the congress to act. in that respect, could you discuss the benefit to both individuals and the national economy of enabling more families to refinance mortgages at today's historically low interest rates? >> well, on the side of the borrowers, if they are able to refinance, then they will have obviously lower payments, lower debt burdens, and...
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Feb 21, 2013
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he's hoping president obama likes his abe-nomices, so to speak. a summit with the two leaders will be held on friday where prime minister abe is expected to deliver a policy speech entitled, "japan is back." tomo is joining me now. thanks so much for your time. is japan back? >> that's a good question. i think japan is certainly back and with the depreciation of the yen and higher stock prices, the market reacts at least that way and we think that this will impact on our financial market is going to filter through to the real economy anytime soon. >> this is the interesting point. it's one thing for investors to bid up the nikkei, to push down the yen in anticipation of the bank of japan will be extremely aggressive. we'll deliver on its inflation target. it's another to actually deliver. have we moved on that phase now where they have to deliver and how likely is it that they can? >> well, we are going to see a new governor and the two deputy governors in april. so, well, i think regardless of who is going to be the next governor, the bank of jap
he's hoping president obama likes his abe-nomices, so to speak. a summit with the two leaders will be held on friday where prime minister abe is expected to deliver a policy speech entitled, "japan is back." tomo is joining me now. thanks so much for your time. is japan back? >> that's a good question. i think japan is certainly back and with the depreciation of the yen and higher stock prices, the market reacts at least that way and we think that this will impact on our...
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Feb 20, 2013
02/13
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obama based on understanding the economic impact of people not coming to the u.s. basically instructed the state department to make changes. >> china isn't helping itself with all of the headlines with hacking and its involvement in spying potentially. maybe all allegations. but if there's political concern from the top about opening whether for tourism or work more generally, this is maybe a difficult time to make the sell. >> it's difficult. that's always the excuse that the interior ministries come out with. we produced research last year just inside the g20 countries. if the u.k., india, china, and u.s. relax some of these visa policies, it would create another five million jobs, bring another $60 million of income into the countries. security forces and interior ministers need to do their work, keep the border safe. equally, they need to relax visas and automate them, make them electronic. >> there's talk that it might be scrapped -- >> i don't think that will happen. the agreement for visas is robust. as a consumer flying into the countries, it's perfect. you
obama based on understanding the economic impact of people not coming to the u.s. basically instructed the state department to make changes. >> china isn't helping itself with all of the headlines with hacking and its involvement in spying potentially. maybe all allegations. but if there's political concern from the top about opening whether for tourism or work more generally, this is maybe a difficult time to make the sell. >> it's difficult. that's always the excuse that the...
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Feb 22, 2013
02/13
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president obama, holding a white house open data day hack-a-thon. today. joe had a different view of what a hack-a-thon was in the white house. but we'll bring -- >> bringing back gibbs and axelrod, and -- >> colleagues of yours. >> colleagues of yours. okay. we're going to continue on. the administration is inviting developers and tech experts to come share some ideas, hack-a-thons are common in the tech industry with the goal to figuring out creative solutions to problems you may remember facebook engineers celebrated their ipo by having a hack-a-thon. don't worry, jim. >> you got to love the name hack-a-thon, don't you? >> the fed minutes spooked investors on thursday. and our next guest took to twitter to offer his thoughts. joining us right now is bill gross. he is the co-cio founder and managing director at pimco and bill it's great to see you this morning thanks for getting up early with us. >> thank you, becky. i'm wide awake. >> we have been talking about your tweet all morning long. talked a little bit earlier just for anybody who didn't see it.
president obama, holding a white house open data day hack-a-thon. today. joe had a different view of what a hack-a-thon was in the white house. but we'll bring -- >> bringing back gibbs and axelrod, and -- >> colleagues of yours. >> colleagues of yours. okay. we're going to continue on. the administration is inviting developers and tech experts to come share some ideas, hack-a-thons are common in the tech industry with the goal to figuring out creative solutions to problems...
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Feb 14, 2013
02/13
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and we got obama care. and obama care, when you look at the complexities in that plan, health care costs are going to go up, they're not going to go down. and you've got temporary workers to deal with. retail has got a hell of a problem. going from 35 hours a week to 30 hours a week for a temporary employee. if you've got 50 employees. you want 49. there's so many complexities in these two things. so my concern about acceleration, is regulatory. warren may have a different view of that. >> interesting thing is i agree with everything jack has said, but it's -- it's i don't come away as pessimistic as he does. but he's absolutely right about, you know, about what's happening with health care, and everything. i don't disagree with a word that he said. that he said. >> and i'm not pessimistic, warren. i'm not pessimistic. i just think we -- we're at a position where we could really take off if we had the right policies. >> yeah. well i -- i -- the interesting thing kind of is that america really is doing bette
and we got obama care. and obama care, when you look at the complexities in that plan, health care costs are going to go up, they're not going to go down. and you've got temporary workers to deal with. retail has got a hell of a problem. going from 35 hours a week to 30 hours a week for a temporary employee. if you've got 50 employees. you want 49. there's so many complexities in these two things. so my concern about acceleration, is regulatory. warren may have a different view of that....
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Feb 19, 2013
02/13
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says, if we follow president obama's plan, the u.s. in 25 years will be in worse shape than greece is today. >> by the way, stan druckenmiller, he is going to become more publicly vocal. >> is he? >> yes, he is. because he feels strongly that this is just a rape of unborn children. it's -- it's generational theft on an enormous magnitude. i frequently, if i have to give a talk, i ask people, particularly if they're older like i am, i say to them if you had one meal left, and you had your grandchild with you, would you eat it or would you give it to your grandchild? they all say, i'll give it to my grandchild. guess what? they're eating their grandchildren's breakfast, lunch and dinner right now, and they haven't been born yet. this is going to happen. >> right. >> these are -- >> i think these are absolutely great points. i mean, our prior perspective on this has been the periods in when you get big bull markets on stocks, when p/e multiples go to 20, the '50s '80s and nineties, those occurred with stable monetary policy, government sp
says, if we follow president obama's plan, the u.s. in 25 years will be in worse shape than greece is today. >> by the way, stan druckenmiller, he is going to become more publicly vocal. >> is he? >> yes, he is. because he feels strongly that this is just a rape of unborn children. it's -- it's generational theft on an enormous magnitude. i frequently, if i have to give a talk, i ask people, particularly if they're older like i am, i say to them if you had one meal left, and...
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Feb 15, 2013
02/13
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. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> the obama administration saying the greatest threat to businesses could be cyber attacks. eamon javers has the latest from washington, d.c. >> good morning, melissa. i'm here outside the center for strategic studies in downtown washington where some of the top security experts are briefing industry trade and think tank folks here on what the rollout is going to be on the president's executive order that he announced on cybersecurity at the state of the union earlier in the week. the white house's top cyber guru talked about the scope and scale of these attacks. >> the threat is becoming more sophisticated and it's becoming more dangerous. we're moving up the threat spectrum from simply the internet equivalent of graffiti up to what you see what happened to saudi aramco with actual destructive impact. >> and what he's talking about there in that attack, officials said it was a month's long attack on the saudi arabian oil company designed to cut off oil production and sale, that hackers might have ability to do that. now, experts
. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> the obama administration saying the greatest threat to businesses could be cyber attacks. eamon javers has the latest from washington, d.c. >> good morning, melissa. i'm here outside the center for strategic studies in downtown washington where some of the top security experts are briefing industry trade and think tank folks here on what the rollout is going to be on the president's executive order that he...
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Feb 8, 2013
02/13
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effectively these guys are now kicking the ball back into obama's court. watch for comment on that in the state of the union address next week. >> just a few days ahead. get home before the snow starts building up. >> i'm running. >> thanks so much. >>> prominent business leaders met with senior administration officials yesterday on cutting the debt with budget cuts and new tax nues santelli has more on that. >> welcome, governor. it's great to have you. i know you didn't attend the most recent roundtable meeting at the white house. but maybe you can give me your sense of the current administration and how the business roundtable is trying to navigate. i have three topics. the first one is regulation. i just finished the isaacson book about jobs. first of all, he was wrong. he thought the president would be a one-term president. but when he talked about things like regulatory issues, he said, why should it be easier for the chinese to build a factory here in the u.s.? your thoughts, sir? >> well, the reason i wasn't at the white house, i was over across th
effectively these guys are now kicking the ball back into obama's court. watch for comment on that in the state of the union address next week. >> just a few days ahead. get home before the snow starts building up. >> i'm running. >> thanks so much. >>> prominent business leaders met with senior administration officials yesterday on cutting the debt with budget cuts and new tax nues santelli has more on that. >> welcome, governor. it's great to have you. i know...
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Feb 11, 2013
02/13
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you've got the fiscal cliff issue resolved, and probably more importantly, president obama seems to have pulled the republicans' fangs with respect to the debt ceiling. that's probably the big risk that the market was worried about. >> you made recent changes to your 2013 allocation strategy. some of them are interesting. high volatility u.s. large caps and micro cap stocks. it would seem you're increasing the beta place. when you say u.s. large cap volatile stocks, what do you mean by that? >> well, we believe that there's an evolution in the asset classes that investors are going to be tapping into in the next decade. you know, if you look back over the last 20 years, people spent a lot of time arguing, what was the value stock, what was a growth stock. and a lot of times it was in the eye of the beholder. volatility is a much more objective mesh yasure of what a stock is. you can do very good long term, 80 and 90-year analysis of what this asset class means. and right now, we show high volatility stocks have been beaten down very, very much in the rally, relative to low volatility, so
you've got the fiscal cliff issue resolved, and probably more importantly, president obama seems to have pulled the republicans' fangs with respect to the debt ceiling. that's probably the big risk that the market was worried about. >> you made recent changes to your 2013 allocation strategy. some of them are interesting. high volatility u.s. large caps and micro cap stocks. it would seem you're increasing the beta place. when you say u.s. large cap volatile stocks, what do you mean by...
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Feb 25, 2013
02/13
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they say obama just wants to scare us, congress wants to scare us too. we're tired of it. we recognize -- roger was on this morning and he said, people are going to wake up and say, wow, the national parks are closed? no, there's not enough -- yes, long lines and travel. maybe take the train for change, maybe get in the car. i just don't think that there is enough to scare us yet. meanwhile, the defense stocks are red-hot. uss truman has to stay docked, can't go to the gulf. let's get some priorities, navy. 250 golf courses, really nice. >> the other side, comes up with bernanke tomorrow, maybe things are better than the market anticipates. and then how does he actually stop it and can he successfully do it so we don't get a huge backup in rates. >> it is a real worry. >> it's got to be. >> of all the people who are going to talk about it, isn't bernanke the guy you want tomorrow if you're a bull in this market? he's likely to go up there more so than some of the other speakers who have been out and around and here and there, making their various comments. he's likely to t
they say obama just wants to scare us, congress wants to scare us too. we're tired of it. we recognize -- roger was on this morning and he said, people are going to wake up and say, wow, the national parks are closed? no, there's not enough -- yes, long lines and travel. maybe take the train for change, maybe get in the car. i just don't think that there is enough to scare us yet. meanwhile, the defense stocks are red-hot. uss truman has to stay docked, can't go to the gulf. let's get some...